ImmunityBio (NASDAQ:IBRX) Azioni

IMMUNITYBIO INC

ImmunityBio

ImmunityBio Inc is an integrated clinical-stage biotechnology company discovering, developing, and commercializing next-generation immuno- and cellular therapies that bolster the natural immune system to drive and sustain an immune response. Its platforms for the development of biologic product candidates include (i) antibody-cytokine fusion proteins, (ii) DNA, RNA, and recombinant protein vaccines, and (iii) cell therapies. Its focus includes bladder, lung, and colorectal cancers and GBM and its product candidate Anktiva is an IL-15 superagonist antibody-cytokine fusion protein. It has two geographical segments: the United States and Europe. Key revenue is generated from the United States.

Los Angeles Times

News

IBRX

Un&#39;icona dell&#39;editoria USA rischia il collasso. Il suo proprietario lancia una scommessa radicale per salvarla: la quotazione pubblica.

Los Angeles Times, un&#39;IPO per uscire dalla crisi: ecco l&#39;annuncio

ImmunityBio Inc

With this qualification in place, sponsors can now use the Simcyp Simulator in regulatory submissions across the EU to assess drug-drug interaction (DDI) risk without needing to re-establish the platform's credibility for the specified context of use (COU) scenarios. Simcyp has long been the leading biosimulation software used in submissions to the EU and other regulatory agencies, and this qualification makes the drug submission process easier and faster.

CERT

Certara Achieves EMA Qualification For Simcyp, Enabling Biosimulation In Drug Submissions Without Re-Establishing Platform Credibility

With U.S. stock futures trading higher this morning on Monday, some of the stocks that may grab investor focus today are as follows:
<ul class="wp-block-list">
<li>Wall Street expects Tyson Foods Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSN#NYSE">TSN</a>) to report quarterly earnings at 88 cents per share on revenue of $13.54 billion before the opening bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. Tyson Foods shares rose 0.4% to close at $52.53 on Friday.</li>
<li>Analysts are expecting ON Semiconductor Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ON#NASDAQ">ON</a>) to have earned 53 cents per share on revenue of $1.45 billion for the latest quarter. The company will release earnings before the markets open. ON Semiconductor shares fell 1% to $56.25 in after-hours trading.</li>
<li>Sohu.com Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOHU#NASDAQ">SOHU</a>) reported a loss of 68 cents per share for the second quarter, versus a year-ago loss of $1.05 per share. The company's sales fell to $126.27 million from $172.33 million in the year-ago period. Sohu shares fell 0.9% to close at $15.40 on Monday.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul class="wp-block-list">
<li>After the markets close, MercadoLibre, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MELI#NASDAQ">MELI</a>) is projected to report quarterly earnings at $12.19 per share on revenue of $6.56 billion. MercadoLibre shares gained 0.1% to close at $2,375.92 on Friday.</li>
<li>Analysts expect Aecom (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACM#NYSE">ACM</a>) to post quarterly earnings at $10.04 per share on revenue of $4.52 billion after the closing bell. AECOM shares fell 1.5% to close at $111.08 on Friday.</li>
</ul>
Check This Out: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/news/25/08/46792424/wall-streets-most-accurate-analysts-weigh-in-on-3-health-care-stocks-with-over-3-dividend-yields-4">Wall Street&#8217;s Most Accurate Analysts Weigh In On 3 Health Care Stocks With Over 3% Dividend Yields</a></li>
</ul>
Photo via Shutterstock

Pre-Market Outlook

MELI

SOHU

Tyson Foods, ON Semiconductor And 3 Stocks To Watch Heading Into Monday

Alcoa And Japan Australia Gallium Associates Sign Joint Development Agreement To Explore Gallium Production In Western Australia

<figure class="table"> 
<table>
<tbody>
<tr>
<td colspan="3" rowspan="1">2025 Guidance</td>
</tr>
<tr>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">3Q 2025</td>
<td colspan="1" rowspan="1">FY 2025 Guidance</td>
</tr>
<tr>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Production(1,2,3)</td>
<td colspan="1" rowspan="1">65,000 - 71,000 boe per day</td>
<td colspan="1" rowspan="1">65,000 - 70,000 boe per day</td>
</tr>
<tr>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Opex(4)</td>
<td colspan="1" rowspan="1">$18.50 - $20.50 per boe</td>
<td colspan="1" rowspan="1">$22.00 - $24.00 per boe</td>
</tr>
<tr>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">DD&amp;A</td>
<td colspan="1" rowspan="1">$22.00 - $24.00 per boe</td>
<td colspan="1" rowspan="1">$22.00 - $24.00 per boe</td>
</tr>
<tr>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">G&amp;A(~66% cash)</td>
<td colspan="1" rowspan="1">~$20 million</td>
<td colspan="1" rowspan="1">$80 - $100 million</td>
</tr>
<tr>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Exploration Expense(5)</td>
<td colspan="1" rowspan="1">~$10 million</td>
<td colspan="1" rowspan="1">$25 - $45 million</td>
</tr>
<tr>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Net Interest Expense(6)</td>
<td colspan="1" rowspan="1">~$55 million</td>
<td colspan="1" rowspan="1">~$200 million</td>
</tr>
<tr>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Tax</td>
<td colspan="1" rowspan="1">$3.00 - $5.00 per boe</td>
<td colspan="1" rowspan="1">$4.00 - $6.00 per boe</td>
</tr>
<tr>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Capital Expenditure</td>
<td colspan="1" rowspan="1">$75 - $100 million</td>
<td colspan="1" rowspan="1">~$350 million</td>
</tr>
</tbody>
</table>
</figure>

Earnings

Guidance

Kosmos Energy Guides 3Q Production Between 65,000-71,000 boe/day, Full-Year Output Seen Between 65,000-70,000 boe/day And CapEx Of $350M

Investor Steve Eisman, best known for betting against the housing market in the lead-up to the 2008 financial crisis, issued a sharp warning on what he sees as the single-biggest threat to the U.S. economy. 
What Happened: On The Real Eisman Playbook podcast on Friday, Eisman said, &#8220;The underlying fundamentals of the United States economy are quite strong,&#8221; referring to the 3% growth in GDP during the second quarter, which marks a rebound from the prior quarter.
According to Eisman, the only thing that can &#8220;derail&#8221; this momentum, is &#8220;a trade war,&#8221; referring to a slew of new tariffs that were announced by President Donald Trump over the past week. 
See Also: <a href="https://www.benzinga.com/news/politics/25/08/46785847/the-trade-war-has-lost-all-credibility-markets-shrug-off-trumps-tariff-blitz-on-multiple-countries">&#8216;The Trade War Has Lost All Credibility:&#8217; Markets Shrug Off Trump&#8217;s Tariff Blitz On Multiple Countries</a>
&#8220;Now, the deadline for trade negotiations was today, August 1. And today, Friday morning, President Trump announced a slew of tariffs with countries that have not reached an agreement with the United States,&#8221; he says, highlighting countries such as Cambodia, Thailand and Switzerland, which were hit with new rates, 19%, 20% and 39%, respectively. 
Eisman notes that the implications of these tariffs are long-term. &#8220;This week makes clear that the story is far from over,&#8221; he says. &#8220;Without a doubt the global economy will be functioning with a higher level of tariffs than before.&#8221;
Why It Matters: Economist Peter Schiff has echoed similar concerns over the weekend, pushing back against Trump&#8217;s claims that the U.S. was going to get rich from tariff revenues.
In a post on X, Schiff said, &#8220;paying taxes doesn&#8217;t make us rich,&#8221; adding that taxes merely &#8220;redistribute wealth, they don&#8217;t create it,&#8221; while once again reiterating a claim he&#8217;s made several times in the past, that tariffs will be paid by American companies and consumers.
<figure class="wp-block-embed aligncenter is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Trump&#39;s claim that the U.S. is getting rich off tariffs is false. Paying taxes doesn&#39;t make us rich. Taxes merely redistribute wealth, they don&#39;t create it. The tariffs the U.S. government has been collecting were paid by U.S. companies and consumers.
&mdash; Peter Schiff (@PeterSchiff) <a href="https://twitter.com/PeterSchiff/status/1951807196959752198?ref_src=twsrc%5Etfw">August 3, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Trump recently suggested that part of the tariff revenue could be <a href="https://www.benzinga.com/markets/macro-economic-events/25/07/46653477/trump-mulls-little-rebate-for-americans-funded-by-tariff-revenue-but-heres-the-big-thing-he-wants-to-do-first">returned to Americans</a> in the form of rebate checks. &#8220;We're&nbsp;thinking about a little rebate.&nbsp;But the big thing we&nbsp;want to do is pay&nbsp;down debt. But we're thinking about a rebate,&#8221; he said last week.
Photo Courtesy: Dilok Klaisataporn on Shutterstock.com
Read More: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/news/politics/25/07/46714946/trump-warns-india-of-25-tariffs-as-trade-talks-stall-ahead-of-august-1-deadline">Trump Warns India Of 25% Tariffs As Trade Talks Stall Ahead Of August 1 Deadline</a></li>
</ul>

Economics

Trump's Trade War 'The Only Thing That Can Derail' A Strong US Economy, Says Steve Eisman — Tariff Story Is 'Far From Over'

Kosmos Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KOS#NYSE">KOS</a>) reported quarterly losses of $(0.19) per share which missed the analyst consensus estimate of $(0.07) by 171.43 percent. This is a 211.76 percent decrease over earnings of $0.17 per share from the same period last year. The company reported quarterly sales of $393.52 million which missed the analyst consensus estimate of $415.09 million by 5.20 percent. This is a 12.73 percent decrease over sales of $450.94 million the same period last year.

Earnings Misses

Kosmos Energy Q2 Adj. EPS $(0.19) Misses $(0.07) Estimate, Sales $393.52M Miss $415.09M Estimate

Kosmos Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KOS#NYSE">KOS</a>) reported quarterly losses of $(0.19) per share which missed the analyst consensus estimate of $(0.07) by 171.43 percent. This is a 211.76 percent decrease over earnings of $0.17 per share from the same period last year. The company reported quarterly sales of $393.518 million which missed the analyst consensus estimate of $415.094 million by 5.20 percent. This is a 12.73 percent decrease over sales of $450.936 million the same period last year.

Kosmos Energy Q2 Adj. EPS $(0.19) Misses $(0.07) Estimate, Sales $393.518M Miss $415.094M Estimate

Zepp Health (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZEPP#NYSE">ZEPP</a>) reported quarterly losses of $(0.39) per share. This is a 35 percent increase over losses of $(0.60) per share from the same period last year. The company reported $59.41 million in sales this quarter. This is a 46.32 percent increase over sales of $40.60 million the same period last year.

ZEPP

Zepp Health Q2 Adj. EPS $(0.39) Up From $(0.60) YoY, Sales $59.41M Up From $40.60M YoY

Faraday Future Intelligent Electric Inc. - Class A Common Stock

FFAI

Faraday Future Co-CEO YT Jia To Announce Major Bridge Strategy Breakthrough On August 16 At Pebble Beach

On 1 August 2025, Credit Suisse Securities (USA) LLC entered into an agreement with the DOJ to resolve all of Credit Suisse's outstanding Consumer Relief Obligations under the 2017 settlement by paying USD 300m.
With this agreement, UBS has resolved another of Credit Suisse's legacy issues, in line with its intention to resolve legacy matters at pace in a fair and balanced way and in the best interest of all its stakeholders.
In the third quarter of 2025, UBS expects to recognize a credit in Non-core and Legacy from the release of the contingent liability established with the acquisition of Credit Suisse as part of the purchase price allocation process.

UBS Resolves Credit Suisse Legacy Residential Mortgage-Backed Securities Obligations With United States Department of Justice In $300M Agreement

Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) has decided to share the burden of its skyrocketing AI infrastructure costs by selling $2 billion in data center assets, as the company braces for capital expenditures that could <a href="https://www.benzinga.com/markets/tech/25/07/46756162/metas-ai-isnt-just-smart-its-paying-the-bills">exceed $100 billion</a> in the coming years.
<h2 class="wp-block-heading">Meta Eyes Outside Capital For AI Infrastructure Push</h2>
In a quarterly filing disclosed Thursday, Meta said it approved a plan in June to sell certain data center assets, reclassifying $2.04 billion worth of land and construction-in-progress as "held-for-sale," reported Reuters.
These assets are expected to be contributed to a third party within 12 months as part of a co-development strategy for future data centers.
The move signals a shift in Meta's traditional approach of self-funding its infrastructure buildout. "We're exploring ways to work with financial partners to co-develop data centers," Meta CFO Susan Li said on the company's <a href="https://www.benzinga.com/markets/tech/25/07/46745285/meta-cfo-susan-li-says-company-may-tap-external-financing-for-2026-ai-infrastructure-as-capex-heads-toward-100-billion">earnings call Wednesday</a>.
While Meta still intends to internally finance a large portion of its investments, Li noted that select projects "could attract significant external financing" and offer flexibility if infrastructure requirements change.
See Also:&nbsp;<a href="https://www.benzinga.com/trading-ideas/movers/25/07/46727737/palo-alto-networks-stock-is-falling-today-whats-going-on" target="_blank" rel="noreferrer noopener">Palo Alto Networks Stock Is Falling Today: What&#8217;s Going On?</a>
<h2 class="wp-block-heading">Zuckerberg&#8217;s AI Supercluster Ambition Drives Spending</h2>
CEO Mark Zuckerberg has previously outlined his vision to build AI-focused data center "superclusters," describing one as covering "a significant part of the footprint of Manhattan." These clusters are designed to power advanced AI applications, including generative AI and superintelligence.
To support this vision, Meta raised the lower end of its 2025 capital expenditures forecast by $2 billion, bringing the range to <a href="https://www.benzinga.com/markets/earnings/25/07/46739277/meta-beats-q2-earnings-estimates-issues-strong-guidance-shares-surge-to-new-highs">between $66 billion and $72 billion</a>.
Meta reported second-quarter revenue of $47.52 billion, beating analyst estimates of $44.58 billion, aided by AI-enhanced ad targeting.
Meta's total "held-for-sale" assets stood at $3.26 billion as of June 30, according to the filing.
<h2 class="wp-block-heading">Meta Joins Microsoft, Google In AI Arms Race</h2>
Meta's move mirrors a broader trend among tech giants adjusting their financing strategies to meet the demands of AI. Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) has raised its <a href="https://www.benzinga.com/markets/earnings/25/07/46587283/alphabet-q2-earnings-revenue-eps-beat-estimates-google-parent-raises-capex-outlook-due-to-strong-and-growing-cloud-demand">2025 capex outlook</a> to roughly $85 billion, while Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) plans to spend<a href="https://www.benzinga.com/markets/earnings/25/07/46738585/microsoft-q4-earnings-highlights-double-beat-ceo-says-cloud-and-ai-is-the-driving-force"> $30 billion in the current quarter</a>, driven by Azure cloud demand.
Price Action: Meta shares have gained 25.16% year-to-date and are up 57.65% over the past 12 months, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Benzinga's Edge Stock Rankings show that META continues to demonstrate strong upward momentum across short, medium and long-term periods. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound'">More detailed performance data is available here</a>.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound'"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/08/04005311/Screenshot-2025-08-04-at-9.56.58%E2%80%AFAM.png" alt="" class="wp-image-1012545" /></a></figure>
Read Next:&nbsp;
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/25/05/45396297/cathie-wood-dumps-palantir-as-stock-touches-peak-prices-bails-on-soaring-flying-taxi-maker-archer-aviation" target="_blank" rel="noreferrer noopener">Cathie Wood Dumps Palantir As Stock Touches Peak Prices, Bails On Soaring Flying-Taxi Maker Archer Aviation</a></li>
</ul>
Photo Courtesy: Skorzewiak on Shutterstock.com
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

GOOG

GOOGL

MSFT

Meta Plans Data Center Asset Sale Worth Nearly $2 Billion To Fund Next Phase Of AI Development

Sohu.com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOHU#NASDAQ">SOHU</a>) reported quarterly losses of $(0.68) per share. This is a 35.24 percent increase over losses of $(1.05) per share from the same period last year. The company reported $126.27 million in sales this quarter. This is a 26.73 percent decrease over sales of $172.33 million the same period last year.

Sohu.com Q2 Adj. EPS $(0.68) Up From $(1.05) YoY, Sales $126.27M Down From $172.33M YoY

Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO Elon Musk says that the EV giant could begin Chicago autonomous ride-hailing operations in the near future <a href="https://www.benzinga.com/markets/tech/25/07/46747282/teslas-robotaxi-is-now-live-in-the-san-francisco-bay-area-serves-a-larger-area-compared-to-waymo">amid Robotaxi push</a>.
Check out the current price of <a href="https://benzinga.com/quote/tsla">TSLA stock here</a>.
What Happened: Responding to a video posted on social media platform X on Sunday, Musk said that Tesla drivers would be able to play video games inside their cars while using self-driving in "probably 3 to 6 months, depending on regulatory approval."
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Probably 3 to 6 months, depending on regulatory approval in your city and state
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1952101186360009045?ref_src=twsrc%5Etfw">August 3, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
In the same thread, the billionaire was asked about Tesla's plans to launch Robotaxi in Chicago. "Not sure what the status of Illinois is," Musk said before adding that regulation allows Robotaxis wherever Alphabet Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) autonomous ride-hailing service Waymo operates.
"Tesla will operate there as soon as we reaffirm safety testing in that locale and receive a license to operate," he said in the post.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Not sure what the status of Illinois is. A pretty good guide is that if Waymo is operating somewhere, then regulations allow robotaxi in that city or state. Tesla will operate there as soon as we reaffirm safety testing in that locale and receive a license to operate.
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1952109692488138865?ref_src=twsrc%5Etfw">August 3, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It Matters: The news comes as Musk's company was ordered to <a href="https://www.benzinga.com/markets/tech/25/08/46813371/elon-musks-tesla-ordered-to-pay-243-million-in-fatal-autopilot-crash-verdict-report">pay over $243 million</a> in a lawsuit over a 2019 crash, which resulted in the death of a woman in Florida. Tesla had earlier <a href="https://www.benzinga.com/markets/tech/25/06/46156736/elon-musks-tesla-loses-bid-to-dismiss-fatal-crash-lawsuit-trial-set-for-july">tried to dismiss</a> the lawsuit.
This coincides with poor sales figures for the EV giant in <a href="https://www.benzinga.com/markets/eurozone/25/08/46788714/teslas-european-woes-worsen-as-sales-decline-in-denmark-sweden-and-france-for-seventh-consecutive-month">multiple markets in Europe</a> as well as <a href="https://www.benzinga.com/markets/tech/25/08/46781790/ross-gerber-slams-tesla-over-robotaxis-wild-exaggerations-calls-supervised-fsd-an-oxymoron">criticism of the company's FSD</a> or Full Self-Driving technology, which, according to Gerber Kawasaki's co-founder Ross Gerber, is a "wild exaggeration."
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="207" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/08/04000151/TSLA-AUG-4-2025-1024x207.jpg" alt="" class="wp-image-1012489" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/08/04000151/TSLA-AUG-4-2025-1024x207.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/08/04000151/TSLA-AUG-4-2025-300x61.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/08/04000151/TSLA-AUG-4-2025-768x155.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/08/04000151/TSLA-AUG-4-2025-1536x310.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/08/04000151/TSLA-AUG-4-2025.jpg 1559w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Tesla scores well on Momentum and Quality, while offering satisfactory Growth, but poor Value. For more such insights, sign up for<a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"> Benzinga Edge Stock Rankings</a> today!
Check out more of Benzinga's Future Of Mobility coverage by<a href="https://www.benzinga.com/topic/mobility"> following this link.</a>
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/asset-sales/25/08/46816074/elon-musk-warns-of-losing-tesla-control-denies-personal-loans-tied-to-shares">Elon Musk Warns of Losing Tesla Control, Denies Personal Loans Tied To Shares</a></li>
</ul>
Photo courtesy: Shutterstock

Tech

TSLA

Elon Musk Says Tesla Drivers Could Play Video Games During Self-Driving Mode In 3–6 Months—Talks About Robotaxi Launch In Chicago

Fundstrat&#8216;s Head of Research Tom Lee predicts a Federal Reserve policy pivot following Goldman Sachs&#8217; warning about historic job data revisions, as July employment figures reveal the largest two-month downward adjustment outside recessions since 1968.
<h2 class="wp-block-heading">Goldman Flags Historic Job Data Revisions</h2>
Goldman Sachs economists highlighted that recent job report revisions represent the most significant adjustments in 57 years outside recession periods. The investment bank&#8217;s research note warned clients to expect additional large revisions in upcoming reports.
The net downward revision of 258,000 jobs for May and June payrolls marked the largest two-month adjustment since 1968, according to Goldman&#8217;s analysis. These revisions were split between public and private sector positions, with state and local government cuts accounting for 109,000 of the total reduction.
<h2 class="wp-block-heading">Fed Pivot Arguments Gain Momentum</h2>
Lee responded to CNBC&#8217;s Brian Sullivan on X Sunday, writing: &#8220;Fed has a dual mandate: jobs and inflation. Goldman notes these job report revisions so large, haven&#8217;t seen in 57 years. This strengthens the case labor market is further away from Fed mandate than Fed realizes.&#8221;
Lee concluded his assessment by stating, "To me, reads as Fed pivot is coming = supportive of higher PE [price-to-earnings ratio]," suggesting equity valuations could rise as lower interest rates reduce discount rates and increase investor appetite for risk assets.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Fed has a dual mandate: jobs and inflation &#8211; Goldman notes these job report revisions so large, haven't seen in 57 years. Whoa &#x1f92f; &#8211; This strengthens the case labor market is further away from Fed mandate than Fed realizes To me, reads as Fed pivot is coming = supportive of… <a href="https://t.co/f2R5gRO57i">https://t.co/f2R5gRO57i</a>
&mdash; Thomas (Tom) Lee (not drummer) FSInsight.com (@fundstrat) <a href="https://twitter.com/fundstrat/status/1952058955342987360?ref_src=twsrc%5Etfw">August 3, 2025</a></blockquote>
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See Also: <a href="https://www.benzinga.com/news/politics/25/08/46818915/elizabeth-warren-hits-out-trump-again-says-instead-of-lowering-grocery-costs-hes-trying-to-cancel-big-bird">Elizabeth Warren Hits Out Trump Again, Says Instead Of Lowering Grocery Costs, He&#8217;s Trying To &#8216;Cancel&#8217; Big Bird</a>
<h2 class="wp-block-heading">Market Pressure Mounts on Powell</h2>
July&#8217;s employment report showed just 73,000 new jobs, <a href="https://www.benzinga.com/markets/economic-data/25/08/46792479/july-nonfarm-payrolls-trump-powell-labor-market">falling short of the expected 110,000</a>. The unemployment rate increased to 4.2%, while wage growth remained elevated at 3.9% year-over-year.
Markets now fully price in two rate cuts by December, with September cut odds <a href="https://www.benzinga.com/analyst-stock-ratings/analyst-color/25/08/46798768/july-jobs-report-interest-rates-odds-trump-powell">surging to 76% following Friday&#8217;s data release</a>. Two-year Treasury yields plunged 22 basis points to 3.75%, marking the largest intraday drop since August 2024.
<h2 class="wp-block-heading">Economic Warning Signs Intensify</h2>
Former Treasury Secretary Lawrence Summers warned the economy is &#8220;closer to stall speed than we thought,&#8221; citing the possibility of recession. University of Michigan economist Betsey Stevenson <a href="https://www.benzinga.com/markets/economic-data/25/08/46818898/economists-warn-us-close-to-stall-speed-and-could-tip-over-into-recession-on-disappointing-jobs-report">linked labor market weakness</a> to current administration policies affecting education, government, construction, and hospitality sectors.
Goldman Sachs estimates benchmark revisions could show a downward adjustment of 550,000 to 950,000 jobs when preliminary data is released on September 9, potentially reducing monthly payroll growth estimates by 45,000 to 80,000 positions over the past year.
On Friday, major U.S. equity indexes closed sharply lower across the board. The S&amp;P 500, as tracked by the SPDR S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>), fell 101.38 points, or 1.60%, to end the session at 6,238.01.
The Dow Jones Industrial Average, represented by the SPDR Dow Jones Industrial Average ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>), declined 542.40 points, or 1.23%, closing at 43,588.58. Meanwhile, the Nasdaq-100, tracked by the Invesco QQQ Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), posted the steepest loss, dropping 454.81 points, or 1.96%, to settle at 22,763.31.
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: RozenskiP / Shutterstock.com

SPDR Dow Jones Industrial Average ETF Trust

Tom Lee Says Fed's About To Pivot As Goldman Warns Of Largest Jobs Revisions Since 1968: 'Supportive Of Higher PE'

Non-fungible token-tied cryptocurrency Pudgy Penguins (PENGU) rose sharply Sunday, capping a volatile week on a high.
What happened: The Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>)-based coin climbed over 5%, becoming one of the market's biggest gainers in the last 24 hours. PENGU outgained bigger coins like Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>), Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) and Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>).
The latest uptick pared some of its losses from the previous week, although over the month, the coin's value has more than doubled. Moreover,&nbsp;
Widely followed cryptocurrency analyst Ali Martinez spotted a buy signal for PENGU, suggesting a potential rebound to $0.044 if it sustains above $0.036. This would mean an upside of nearly 24%.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/search?q=%24PENGU&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$PENGU</a> has hit a key support level at $0.0315, backed by strong volume profile demand. With the TD Sequential flashing a buy signal, a sustained move above $0.036 could ignite a rebound toward $0.044! <a href="https://t.co/MPyodQzrGd">pic.twitter.com/MPyodQzrGd</a>
&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1951974872629883050?ref_src=twsrc%5Etfw">August 3, 2025</a></blockquote>
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See Also:<a href="https://www.benzinga.com/25/04/44621245/gold-backed-cryptos-match-yellow-metals-highs-following-trumps-liberation-day-shock"> </a><a href="https://www.benzinga.com/crypto/cryptocurrency/25/08/46818995/arthur-hayes-expects-bitcoins-pullback-to-100000-ethereum-to-test-3000-on-trump-tariffs-induced-headwinds">Arthur Hayes Expects Bitcoin&#8217;s Pullback To $100,000, Ethereum To Test $3,000 On Trump Tariffs-Induced Headwinds</a>
Why It Matters: The coin has been on a roll, driven by excitement over the Canary PENGU ETF, a first-of-its-kind investment vehicle that proposes holding PENGU tokens, having 80-95% exposure, and Pudgy Penguins NFTs with 5-15% allocation.
The floor price of its associated NFT collection also rose by 3.6% in the last 24 hours, <a href="https://www.coingecko.com/en/nft/pudgy-penguins">according </a>to Coingecko, with the average sale price jumping 26%.
Price Action: At the time of writing, PENGU was trading at $0.03550, down 5.12% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>.&nbsp;&nbsp;
Photo Courtesy: CryptoFX on Shutterstock.com
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Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

$BTC

$DOGE

$ETH

$SOL

MSTR

OG: Pudgy Penguins Reverses Downsides, Beats Bitcoin, Dogecoin In Daily Gains — Analyst Expects Another 24% Upside If This Happens

As debates over AI-driven job displacement intensify, Silicon Valley investor and economic commentator Balaji Srinivasan and White House AI and crypto czar&nbsp;David Sacks say the real story is that humans remain essential, guiding and verifying AI at both ends of the workflow.
What Happened: In a series of posts on X in June, Srinivasan challenged the popular notion that AI can work autonomously from start to finish. "AI doesn't do it end-to-end. It does it middle-to-middle," he wrote. "The new bottlenecks are prompting and verifying."
Srinivasan emphasized that AI prompting is scalable because it involves just typing, but verification, ensuring the AI's output is accurate and usable, is not. "Verifying AI output involves much more than just typing," he said. "For anything subtle, you need to read the code or text deeply."
He added that this opens up a whole new category of roles: "AI will create many jobs in the broad area of verifying AI — proof of human, proof of authenticity, proof the output is not AI, proof the output is actually right."
On Sunday, Sacks echoed the sentiment, writing, "Why the AI job loss narrative is overhyped: AI models still need to be prompted and verified, often iteratively, to drive business value."
See Also: <a href="https://benzinga.com/news/topics/25/08/46817331/61-year-old-was-thrilled-to-be-laid-off-and-start-retirement-until-their-employer-offered-a-role-they" target="_blank" rel="noopener">61-Year-Old Was Thrilled To Be Laid Off And Start Retirement — Until Their Employer Offered A Role They&#8217;d Always Wanted</a>
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Why the AI job loss narrative is overhyped: AI models still need to be prompted and verified, often iteratively, to drive business value. As <a href="https://twitter.com/balajis?ref_src=twsrc%5Etfw">@balajis</a> says, AI is middle-to-middle, not end-to-end. Humans do the stuff at the ends (supervision); AI does the stuff in the middle. <a href="https://t.co/fDVDUIbbmR">https://t.co/fDVDUIbbmR</a>
&mdash; David Sacks (@DavidSacks) <a href="https://twitter.com/DavidSacks/status/1952026572661092829?ref_src=twsrc%5Etfw">August 3, 2025</a></blockquote>
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Why It Matters: These comments come amid a broader debate about the impact of AI on the job market. 
In July, Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) CEO Jensen Huang said that <a href="https://www.benzinga.com/markets/tech/25/07/46596244/jensen-huang-says-ai-will-replace-mundane-work-as-nvidia-ceo-warns-those-who-raw-dog-it-without-ai-will-be-left-behind">AI will not eliminate jobs but rather transform</a> them by automating mundane tasks and boosting productivity.
He called AI &#8220;the greatest technology equalizer of all time&#8221; and warned that those who don't embrace it risk being left behind. 
Same month, Vice President JD Vance said the Donald Trump administration aims to lead in AI by promoting innovation and reducing overregulation. He criticized the Joe Biden administration and Europe for being too fearful of AI's risks, arguing that embracing <a href="https://www.benzinga.com/markets/tech/25/07/46595588/jd-vance-slams-biden-and-europes-fear-driven-ai-policy-vows-us-will-lead-global-tech-race-under-trump-with-innovation-over-regulation">AI will drive job growth and productivity</a>.
Last month, ARK Invest CEO Cathie Wood warned that<a href="https://www.benzinga.com/markets/tech/25/07/46460054/cathie-wood-says-ai-is-hurting-entry-level-jobs-offers-advice-to-jobseekers-here-is-her-advice-for-those-joining-the-workforce"> AI is disrupting entry-level jobs</a> and contributing to rising unemployment among new college graduates. Citing a jump in recent graduate jobless rates to over 6%, she urged job seekers to upskill in AI to stay competitive as automation reshapes the labor market.
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Photo Courtesy: khunkornStudio on Shutterstock.com
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

NVDA

Trump's AI Czar Says Tech Behind Chatbots Won't Kill Jobs: 'Narrative Is Overhyped'

A volcano on Russia's far eastern Kamchatka Peninsula erupted overnight into Sunday for what scientists said is the first time in centuries, sending ash skyward just days after a massive 8.8-magnitude earthquake rattled the region.
What Happened: The Krasheninnikov volcano sits inside the Kronotsky Reserve on the peninsula's Pacific coast, <a href="https://apnews.com/article/russia-volcano-earthquake-kamchatka-tsunami-bba043724cb8ca46860c651d803c6a6b">according</a> to the Associated Press.
"The plume is spreading eastward from the volcano toward the Pacific Ocean. There are no populated areas along its path, and no ashfall has been recorded in inhabited localities," Kamchatka's emergencies ministry wrote on Telegram after the eruption. Staff at the reserve reported ash rising about 6 kilometers (3.7 miles) above the summit.
Olga Girina, who leads the Kamchatka Volcanic Eruption Response Team (KVERT), told RIA Novosti, "This is the first historically confirmed eruption of the Krasheninnikov volcano in 600 years." However, U.S.-based Smithsonian data lists the volcano's last eruption in 1550, highlighting uncertainty around historic records.
See Also: <a href="https://www.benzinga.com/markets/economic-data/25/08/46818898/economists-warn-us-close-to-stall-speed-and-could-tip-over-into-recession-on-disappointing-jobs-report">Economists Warn US Close To &#8216;Stall Speed&#8217; And Could &#8216;Tip Over Into Recession&#8217; On Disappointing Jobs Report</a>
A magnitude-7.0 earthquake accompanied the eruption and briefly prompted a tsunami warning for three areas of Kamchatka, later lifted by Russia's emergency services. By late Sunday, KVERT said activity was decreasing, though "moderate explosive activity" could continue.
Why It Matters: The blast followed last week's <a href="https://www.benzinga.com/news/events/25/07/46711140/trump-issues-tsunami-warning-after-massive-pacific-earthquake-hawaii-us-west-coast-japan-on-alert">powerful 8.8-magnitude quake off Kamchatka</a> that sent small tsunami waves to Japan and Alaska and triggered warnings as far as Hawaii, North and Central America, and islands south toward New Zealand. Pacific-wide alerts and evacuations followed as authorities assessed damage and currents across the basin.
Geologists are examining whether stress changes from the megathrust quake played a role in awakening Krasheninnikov after centuries of quiet. Officials said the eastward-blowing plume posed no threat to settlements, and authorities observed no ashfall in populated areas along the projected track over the Pacific.
Photo Courtesy: Deni_Sugandi on Shutterstock.com
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Events

Volcano Errupts In Russia's Far East Days After 8.8 Magnitude Earthquake And Tsunami Scare

Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) is the world's most ambitious AI endeavor, according to ARK Invest CEO Cathie Wood, who predicts its autonomous vehicle efforts could generate trillions in revenue.
<h2 class="wp-block-heading">Autonomous Taxis Could Add $10 Trillion To Global GDP</h2>
In a June interview on The Diary of a CEO podcast, Wood described Tesla as &#8220;the largest AI project on earth,&#8221; a statement Elon Musk later reposted on X with a one-word affirmation: "True."
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">True <a href="https://t.co/yu4V37asZp">https://t.co/yu4V37asZp</a>
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1952051689453924511?ref_src=twsrc%5Etfw">August 3, 2025</a></blockquote>
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Wood added that ARK's research shows the ecosystem surrounding autonomous taxi networks could generate between $8 trillion and $10 trillion in global revenue within the next 5–10 years.
"To put that in context, the entire GDP of the world today is about $113 trillion," she said. "So $10 trillion is going to move the needle."
Also Read:&nbsp;<a href="https://www.benzinga.com/personal-finance/management/25/07/46510590/elon-musk-returns-to-intense-work-schedule-back-to-working-7-days-a-week-and-sleeping-in-the-office" target="_blank" rel="noreferrer noopener">Elon Musk Returns To Intense Work Schedule: ‘Back To Working 7 Days a Week and Sleeping in the Office'</a>
<h2 class="wp-block-heading">Musk Aligns With AI Vision, Says AVs Will Impact GDP Soon</h2>
Musk, who has long championed full self-driving (FSD) and robotaxi services, has said he expects autonomous vehicles to have a noticeable effect on GDP growth within the <a href="https://www.benzinga.com/news/topics/25/05/45710538/elon-musk-says-humanoid-robots-will-start-impacting-countries-gdps-in-4-to-5-years-robot-cars-even-so">next one to two years</a>.
While <a href="https://www.benzinga.com/markets/earnings/25/07/46587882/tesla-q2-earnings-highlights-revenue-and-earnings-fall-short-new-models-still-set-for-2025-2026">Tesla's second-quarter revenue</a> dropped 12% year-over-year to $22.5 billion—missing estimates—analysts remain focused on the company's long-term AI bets.
<h2 class="wp-block-heading">Samsung To Build Tesla's Next-Gen AI6 Chip In Texas</h2>
In July, Tesla announced a <a href="https://www.benzinga.com/markets/tech/25/07/46677880/teslas-samsung-deal-a-valuable-opportunity-to-gain-real-world-experience-that-tsmc-wouldnt-have-allowed-experts-react-to-16-5-billion-agreement">$16.5 billion multiyear partnership</a> with Samsung Electronics (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SSNLF#OTC">SSNLF</a>) to manufacture its AI6 chip domestically. The advanced chip is expected to power Tesla's next-gen autonomous systems, including its upcoming robotaxi fleet and Optimus humanoid bot.
Samsung already manufactures Tesla's current AI4 chip, while Taiwan Semiconductor Manufacturing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) is handling the AI5. Analysts said the new partnership will give Tesla valuable foundry experience that competitors haven't allowed.
<h2 class="wp-block-heading">Dan Ives Says Tesla's AI Could Be Worth $1 Trillion</h2>
Wedbush analyst Dan Ives in June estimated that Tesla's AI and autonomous driving division alone could be worth $1 trillion, reinforcing <a href="https://www.benzinga.com/markets/equities/25/06/46034667/teslas-ai-future-is-worth-1-trillion-says-dan-ives-golden-era-of-autonomous-begins-with-robotaxi-launch">investor optimism</a> even as the company navigates revenue headwinds and political scrutiny.
Price Action: Tesla shares are down 20.21% year-to-date, but have climbed 52.17% over the past 12 months, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Benzinga&#8217;s Edge Stock Rankings indicate that TSLA is under short-term pressure but continues to show upward momentum in the medium and long term. The stock holds a high quality score, though its value rating remains relatively low. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-4/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Further performance details are available here</a>.
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SSNLF

Elon Musk Agrees With Cathie Wood: Tesla Is 'Largest AI Project On Earth' Amid Robotaxi Vision, Samsung Chip Deal Buzz

Billionaire investor Mark Cuban is pushing back against venture capitalist Chamath Palihapitiya&#8217;s proposal to overhaul the Bureau of Labor Statistics' non-farm payrolls (NFP) report, calling out its impracticality. 
What Happened: On Sunday, in a post on X, Cuban replied to Palihapitiya&#8217;s plan for fundamentally altering the way the Bureau of Labor Statistics collects and reports non-farm payroll data. 
&#8220;Non-Farm Payrolls are total garbage,&#8221; Palihapitiya said, noting the number of revisions that have taken place &#8220;in both directions&#8221; over the years, while making his case that the Bureau wasn&#8217;t so much &#8220;conspiratorial&#8221; as it was &#8220;inadequate&#8221; for a dynamic economy like the United States.
See Also: <a href="https://www.benzinga.com/markets/equities/25/08/46809585/fed-interest-rates-trump-powell-jobs-data-wall-street">Fed Stays Put On Rates, But Jobs Report Signals It May Regret It: This Week In Markets</a>
&#8220;There needs to be a new, oracle-like data provider for this critical information,&#8221; Palihapitiya said, while arguing that President Donald Trump was right to fire Erika McEntarfer, the commissioner of the Bureau of Labor Statistics, who he says, led a vital U.S. economic function in an &#8220;unpredictable, haphazard and sloppy way.&#8221;
Cuban fired back, asking, &#8220;Did you even read what you wrote?&#8221; while highlighting the impracticality of an &#8220;Oracle-like data provider.&#8221; 
&#8220;Who is gonna pay for the implementations?&#8221; he asked, before making a pointed jab, saying, &#8220;get off your knees Chamath.&#8221;
Palihapitiya has since responded to Cuban&#8217;s concerns, explaining exactly how he would go about implementing something like this with a four-step plan.
He proposed requiring all payroll providers to upload standardized data, running a model to flag errors, and then publishing the information in real time, before asking Cuban to share what he would do differently.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">No need to get chippy. Here is what I would do: 1) require all payroll providers (we know who all of them are because they also have to do withholding etc) to upload a flat file to an endpoint 2) run a model against uploads to look for any potential errors otherwise chop the…
&mdash; Chamath Palihapitiya (@chamath) <a href="https://twitter.com/chamath/status/1951751251659727113?ref_src=twsrc%5Etfw">August 2, 2025</a></blockquote>
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Why It Matters: The July Jobs report by the Bureau of Labor Statistics, released on Friday, disappointed economists and experts, with payroll growth of 73,000, which fell short of estimates at 110,000. 
Besides this, there were <a href="https://www.benzinga.com/markets/economic-data/25/08/46792479/july-nonfarm-payrolls-trump-powell-labor-market">two downward revisions</a> for May and June, which now show growth of just 19,000 and 14,000, respectively, down from the initial estimates of 144,000 and 147,000.
This has since led to Trump dismissing McEntarfer, the Commissioner of the&nbsp;Bureau of Labor Statistics, whom he has accused of <a href="https://www.benzinga.com/markets/macro-economic-events/25/08/46818659/fired-labor-bureau-commissioner-speaks-out-after-trump-firing-over-job-numbers">manipulating employment data</a> for political purposes.
Photo Courtesy: Kathy Hutchins on Shutterstock.com
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The statue of Bitcoin&#8217;s (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) legendary creator, Satoshi Nakamoto, which was reported stolen in Switzerland, was found tossed into a lake on Sunday.
What Happened:&nbsp;The statue, famous for its &#8220;disappearing&#8221; effect, was found by municipal workers from Lugano city, according to Satoshigallery, the designer of the statue. 
Visuals showed workers recovering the damaged statue from the lake that flanked the Parco&nbsp;Ciani park in Lugano, where it was installed last year. Satoshigallery had promised a reward of 0.1 BTC, worth $11,472 at current prices, for the statue&#8217;s recovery. 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">We want to thank the Municipality of Lugano <a href="https://twitter.com/luganomycity?ref_src=twsrc%5Etfw">@luganomycity</a> for helping us to recover the statue that was thrown into the lake. &#x1f64f;&#x1f3fb; <a href="https://t.co/UyKhyBvt1m">https://t.co/UyKhyBvt1m</a> <a href="https://t.co/qaHFWXIHRs">pic.twitter.com/qaHFWXIHRs</a>
&mdash; Satoshigallery (@satoshigallery) <a href="https://twitter.com/satoshigallery/status/1951983196255506619?ref_src=twsrc%5Etfw">August 3, 2025</a></blockquote>
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The condition of the statue enraged Bitcoiners, with a user, Bitcoin Morfeo, calling it &#8220;an absolute disgrace.&#8221;
Noted Bitcoin technologist Jameson Lopp also voiced their disgust, stating, &#8220;You can destroy a statue. But you can&#8217;t destroy an idea.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">You can destroy a statue. But you can&#39;t destroy an idea. <a href="https://t.co/uduor27ukD">https://t.co/uduor27ukD</a>
&mdash; Jameson Lopp (@lopp) <a href="https://twitter.com/lopp/status/1951989727122338187?ref_src=twsrc%5Etfw">August 3, 2025</a></blockquote>
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See Also:&nbsp;<a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46713430/bitcoin-creator-satoshi-nakamoto-once-said-he-had-no-time-to-convince-non-believers-why-coinbase-ceo-brought-it-up-after-15-years">Bitcoin Creator Satoshi Nakamoto Once Said He Had No Time To &#8216;Convince&#8217; Non-Believers: Why Coinbase CEO Brought It Up After 15 Years</a>
Why It Matters:&nbsp;The statue honors the anonymity of Nakamoto by appearing transparent from the front and changing the view based on the angle it is viewed. Like other statues of the mysterious personality, it <a href="https://www.benzinga.com/general/education/25/01/42789566/happy-birthday-bitcoin-16-fun-facts-about-leading-cryptocurrency">became a symbol </a>of Bitcoin&#8217;s decentralized origins and ethos.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The Statue of Satoshi Nakamoto Where you can see it: &#x1f1e8;&#x1f1ed;Lugano, Switzerland: <a href="https://t.co/UlxwZc5A2Q">https://t.co/UlxwZc5A2Q</a> &#x1f1f8;&#x1f1fb;Bitcoin Beach, El Salvador: <a href="https://t.co/IpRg1R372j">https://t.co/IpRg1R372j</a> We are committed to spread bitcoin culture around the world since 2012. Next week we will present the third statue…in… <a href="https://t.co/k12oHKS6NL">pic.twitter.com/k12oHKS6NL</a>
&mdash; Satoshigallery (@satoshigallery) <a href="https://twitter.com/satoshigallery/status/1912769347111600252?ref_src=twsrc%5Etfw">April 17, 2025</a></blockquote>
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Satoshi, who authored Bitcoin&#8217;s whitepaper, has been a figure of intrigue and speculation. As of this writing, the wallet linked to Satoshi holds $125.85 billion worth of Bitcoin, according to on-chain analytics firm Arkham, <a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46408230/bitcoin-creator-satoshi-nakamotos-net-worth-surges-to-128-billion-mysterious-figure-challenges-warren-buffetts-spot-among-the-wealthiest">more than the total wealth</a> of computer tycoon and one of the world&#8217;s wealthiest individuals, Bill Gates.
Price Action: At the time of writing, BTC was trading at $114,725, up 0.93% in the last 24 hours, according to&nbsp;<a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA.." target="_blank" rel="noreferrer noopener">data from Benzinga Pro</a>. 
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Photo Courtesy: Szabolcs Magyar On Shutterstock.com
Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.<a href="https://www.benzinga.com/apis?utm_source=benzinga.com&amp;utm_campaign=article-bottom" rel="noreferrer noopener" target="_blank"></a>

Satoshi Nakamoto's Statue Smashed, Dumped In Swiss Lake — 'Absolute Disgrace,' Says Bitcoiner

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